Germany's Patrizia Immobilien has acquired a 9,000 m2 office building in central Helsinki on behalf of a pan-European fund.
The vendor, Finnish pension-insurer Fennia, and Patrizia agreed not to disclose the investment volume.
'We are excited to purchase this centrally located multi-tenant office building in a good and established office location in Helsinki for our client,' said Rykke Lykke, managing director at Patrizia Finland.
The nine-storey building is located in Ruoholahti, an established office location. 'Ruoholahti is the leading location for modern office properties. Many large Finnish financial companies have their offices here,' explained Essi Sten, business director at Patrizia.
Sten said there are very limited possibilities in Ruoholahti to create new office space. The building, delivered in 2001, is very close to subway, tram, and bus stations.
